This Valentine's Day, authorities are once again warning individuals to watch out for anyone perpetrating romance scams. The FTC says Americans lost $143 million to romance scams in 2017, while in the U.K., Action Fraud says reported romance scam losses in 2018 topped $64 million.
A convergence of events in December in Japan led to an unprecedented spike in card-not-present fraud. New statistics from a dark web monitoring firm explain how a promotion by PayPay, a third-party payments service, slid sideways.
British police say they're doing their best to cope with the possibility that the U.K. will crash out of the EU in 45 days and lose access to joint policing resources. But Richard Martin of the Met Police says replacements "will not be as efficient or effective as the tools we currently use."
Hackers have breached the Australian Parliament's network, although investigators say they have found no evidence that attackers stole any data. But Parliament's presiding officers said all users have been ordered to reset their passwords as a precaution.
Ransomware victims who opted to pay for the promise of a decryption key forked over an average of $6,733 in the fourth quarter of 2018, according to ransomware incident response firm Coveware. It says strains such as SamSam and Ryuk, which demand higher-than-average ransoms, are increasingly common.
The notorious xDedic Marketplace Russian-language cybercrime forum and shop remains offline following an international police takedown. Security experts expect xDedic customers to shift to UAS, a rival darknet market that also specializes in stolen and hacked remote desktop protocol credentials.
Airbus says it suffered a hack attack, leading to a breach of "contact and IT identification details" for at least some of its EU employees. The aerospace giant says its investigation continues and that it has notified European privacy authorities, per GDPR requirements.
Efforts to exploit U.S. election security continue, and China, Russia, Iran and North Korea's "cyber espionage, attack and influence capabilities" pose an increasing threat, Director of National Intelligence Dan Coats told the Senate Intelligence Committee.
Despite the value of cryptocurrency plummeting since 2017, cybercriminals and rogue nations are still using it to launder funds. One recently discovered scheme designed to evade AML detection is "crypto dusting," according to CipherTrace's Dave Jevans.
Japan plans to identity vulnerable internet of things devices the same way hackers do: by trying to log into them. The country wants to gauge its cybersecurity readiness for next year when it hosts the summer Olympics. If vulnerable devices are found, the plan is to notify device owners.
Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S. presidential elections has led to 199 criminal charges, 37 indictments or guilty pleas and four prison sentences so far. But some key questions remain unanswered.
Roger Stone Jr., a longtime political adviser to President Donald Trump, has been arrested as part of Robert Mueller's Russian interference probe. Stone has been accused of lying to Congress about his communications with WikiLeaks over stolen Democratic Party documents and emails it published.
FBI agents say the government shutdown is impeding their investigations, including cybersecurity probes, with the lack of funding compromising their ability to pay confidential informants and obtain warrants or subpoenas.